Future of Facility Management
Summary
TLDRThe future of facilities management (FM) is poised for significant transformation, with the global market projected to reach $945 billion by 2025. Innovations in areas like sustainability, energy management, and cloud services will drive efficiency. The Middle East is expected to grow fastest, while Asia-Pacific will lead the market. Key trends include business productivity, 'as-a-service' models, performance contracting, and partnerships. The integration of FM with technology like IoT and big data will enhance customer relationships and address energy savings and intelligent building concerns.
Takeaways
- đ The global FM market is expected to reach $945 billion by 2025, indicating significant growth.
- đ The Middle East will experience the fastest growth, while the Asia-Pacific region will lead the market.
- đ FM services are becoming commoditized, necessitating innovation and new value propositions.
- đ Eight key transformational trends will drive the future of FM: business productivity, as a service, sustainability, energy management, performance contracting, partnerships, cloud services, and selling to the CXO.
- đź The next five years are crucial for the development of next-generation solutions in the FM market.
- đ Integrated FM is projected to be a growth engine, with a 14% penetration of the global aftermarket by 2025.
- đĄ The future of FM is heavily reliant on technology, with IoT, big data, and advanced connectivity improving efficiency.
- đą These technological advancements will address customer concerns regarding energy savings, intelligent buildings, and reducing total lifecycle costs.
- đ ïž The changing workplace dynamics will lead to increased opportunities for integrated workplace change management solutions.
- đ€ Diverse suppliers are expected to converge, offering visionary workplace management solutions that enhance business productivity for customers.
- đ Joining Frost & Sullivan's facilities management research program can provide insights into mega-trends and developments in the aftermarket and homes and buildings industry.
Q & A
What major transformation is expected in the aftermarket within the next five years?
-The aftermarket is expected to undergo a major transformation in the next five years, driven by innovation and new value propositions.
Which region will experience the fastest growth in the facilities management (FM) market?
-The Middle East is expected to be the fastest-growing region in the facilities management (FM) market.
Which region will lead the global FM market?
-The Asia-Pacific region will lead the global FM market.
What is the projected global FM market revenue by 2025?
-The global FM market revenue is projected to reach $945 billion by 2025.
What are the key transformational trends that will shape the future of facilities management?
-The key transformational trends include business productivity, anything-as-a-service, sustainability, energy management, performance contracting, partnerships and collaborations, cloud services, and selling to the CXO.
What role will integrated FM play in the future market?
-Integrated FM will remain a growth engine in the market and is expected to reach 14% penetration of the global aftermarket by 2025.
How will technology enable the future of facilities management?
-The future of FM will be technology-enabled, with IoT, big data, and advanced connectivity driving efficiency for service suppliers and clients.
What customer concerns will be addressed by these technological advancements?
-Technological advancements in FM will address customer concerns related to energy savings, intelligent buildings, and the reduction of total lifecycle costs.
What opportunities will arise from changes to the workplace and work environment?
-Changes to the workplace and work environment will create a boom in opportunities for integrated workplace change management solutions.
What kind of suppliers will converge in the future FM market?
-Diverse suppliers will converge, offering visionary workplace management solutions that enhance business productivity for customers.
Outlines
đ Future of Facilities Management: Market Growth and Transformation
The script discusses the imminent transformation in the facilities management (FM) market, driven by innovation and new value propositions. It predicts a global FM market revenue of $945 billion by 2025, with the Middle East being the fastest-growing region and Asia-Pacific leading the market. The future of FM is outlined by eight key trends: business productivity, anything as a service, sustainability, energy management, performance contracting, partnerships and collaborations, cloud services, and selling to the CXO. Integrated FM is expected to be a growth engine, reaching a 14% penetration of the global aftermarket by 2025. Technology, including IoT, big data, and advanced connectivity, will enhance efficiency for service suppliers and clients, addressing concerns about energy savings, intelligent buildings, and total lifecycle cost reduction. Workplace changes will increase opportunities for integrated workplace change management solutions. The script encourages joining Frost & Sullivan's facilities management research program for insights into the aftermarket and homes and buildings industry.
Mindmap
Keywords
đĄFacilities Management (FM)
đĄAftermarket
đĄCommoditizing
đĄIntegrated FM
đĄSustainability
đĄEnergy Management
đĄCloud Services
đĄBusiness Productivity
đĄIoT (Internet of Things)
đĄCXO
Highlights
The future of facilities management (FM) will see major transformation in the next five years.
FM services are becoming commoditized, necessitating innovation and new value propositions.
By 2025, the global FM market revenue is projected to reach $945 billion.
The Middle East is anticipated to be the fastest-growing region in FM services.
Asia-Pacific is expected to lead the global FM market.
Eight key transformational trends will drive the future of FM.
Business productivity and 'anything as a service' are among the trends shaping the future of FM.
Sustainability and energy management are critical trends in the FM industry.
Performance contracting and partnerships will play a significant role in the future of FM.
Cloud services and selling to the CXO are identified as key trends.
The next five years will be pivotal for next-generation solutions in the FM market.
Integrated FM is expected to reach 14% penetration of the global aftermarket by 2025.
Technology, including IoT, big data, and advanced connectivity, will enable the future of smart facilities management.
Customer concerns regarding energy savings, intelligent buildings, and lifecycle costs will be addressed by technological advancements.
Changes in the workplace will lead to a boom in integrated workplace change management solutions.
Diverse suppliers will converge to provide visionary workplace management solutions.
Join Frost & Sullivan's facilities management research program for insights on the aftermarket and buildings industry.
Transcripts
[Music]
the future is here for facilities
management the aftermarket will undergo
major transformation in the next five
years
in many parts of the world FM services
are commoditizing and there is a need
for innovation and new value
propositions the global FM market
revenue will reach nine hundred and
forty five billion dollars by 2025
Middle East will be the fastest-growing
region but asia-pacific will lead to
ever market the future of FM will drive
on eight key transformational trends
they are business productivity anything
as a service sustainability energy
management performance contracting
partnerships and collaborations cloud
services and selling to the CXO the next
five years will be the defining years
for next-generation solutions in the
other market these offers opportunities
for first movers to own and redefine
customer relationship integrated FM will
remain as a growth engine of the market
and will reach 14 percent penetration of
the global aftermarket by 2025 the
future of SM is technology enabled with
IOT big data and advanced connectivity
driving efficiency for both service
suppliers and clients these will address
customer concerns on energy savings
intelligent buildings and reduction of
total lifecycle costs changes to both
workplace and work
the future will lead to a boom in
opportunities for integrated workplace
change management solutions diverse
suppliers will converge with visionary
workplace management that provide
business productivity enhancement for
customers join frozen Sullivan's
facilities management research program
that delivers top and disruptive mega
trends and development insights of the
aftermarket and homes and buildings
industry to learn more contact a frost
and sullivan industry consultant today
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